SR Bancorp (NASDAQ:SRBK) Upgraded to Hold at Wall Street Zen
by Jessica Moore · The Cerbat GemWall Street Zen upgraded shares of SR Bancorp (NASDAQ:SRBK – Free Report) from a sell rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.
Separately, Weiss Ratings raised SR Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.00.
Read Our Latest Analysis on SRBK
SR Bancorp Stock Down 1.3%
Shares of SRBK opened at $18.50 on Friday. The firm has a market cap of $149.85 million, a P/E ratio of 41.11 and a beta of 0.57. SR Bancorp has a 12-month low of $14.33 and a 12-month high of $20.95. The company’s 50-day moving average price is $19.60 and its 200 day moving average price is $18.84. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.36.
SR Bancorp (NASDAQ:SRBK – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $8.56 million for the quarter, compared to analysts’ expectations of $8.60 million. SR Bancorp had a return on equity of 1.62% and a net margin of 6.47%.
SR Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. SR Bancorp’s dividend payout ratio (DPR) is 53.33%.
Institutional Investors Weigh In On SR Bancorp
Several large investors have recently bought and sold shares of the stock. Ancora Advisors LLC raised its position in SR Bancorp by 2.2% in the 2nd quarter. Ancora Advisors LLC now owns 48,600 shares of the company’s stock valued at $956,000 after purchasing an additional 1,050 shares in the last quarter. BlackRock Inc. acquired a new stake in SR Bancorp in the second quarter valued at approximately $9,783,000. Deutsche Bank AG acquired a new stake in SR Bancorp in the second quarter valued at approximately $135,000. Bank of New York Mellon Corp acquired a new stake in SR Bancorp in the second quarter valued at approximately $427,000. Finally, Renaissance Technologies LLC lifted its stake in SR Bancorp by 0.6% in the first quarter. Renaissance Technologies LLC now owns 180,300 shares of the company’s stock worth $3,043,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 24.70% of the company’s stock.
SR Bancorp Company Profile
SR Bancorp, Inc is the holding company for Somerset Savings Bank, S.L.A., a community-oriented savings institution headquartered in Bound Brook, New Jersey. The bank serves individuals, families and businesses in communities primarily across central New Jersey.
Somerset Savings Bank provides deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage loans, home equity financing, commercial real estate loans, business lending and consumer loans.